There are two separate entities, the shareholders and the board of directors. The board accepted Netflix’s offer because they were presented with the two offers and are required to act in the shareholders best interest. This deal still needs to be approved by the shareholders and Paramount is trying to get WB’s shareholders to vote against the Netflix deal so they can accept their offer. The deal won’t be done for probably 12-24 months as it goes through regulatory review. WB can drop out of the deal during this time for a fee. Answer from Dstein99 on reddit.com
Reuters
reuters.com › legal › transactional › paramount-makes-1084-billion-bid-warner-bros-discovery-2025-12-08
Warner Bros fight heats up with $108 billion hostile bid from Paramount | Reuters
5 days ago - Larry Ellison, the world's second-richest person, is the father of Paramount head David Ellison and has close ties to the White House. Larry Ellison called Trump after the Netflix deal was announced and told him the transaction would hurt competition, the Wall Street Journal reported, citing a White House official and a person familiar with the matter. The studio argues its bid for the entirety of Warner Bros Discovery is superior to Netflix, giving shareholders $18 billion more in cash and an easier path to regulatory approval.
Reddit
reddit.com › r/explainlikeimfive › eli5: how can paramount announce a hostile takeover bid for wb when the bidding was done and netflix won?
r/explainlikeimfive on Reddit: ELI5: How can Paramount announce a hostile takeover bid for WB when the bidding was done and Netflix won?
1 week ago -
Companies bid for WB and Netflix won. How can Paramount swoop in after its all done and have a shot a buying WB?
Top answer 1 of 23
4523
Ultimately, it's shareholders who vote and decide. Management chose Netflix and recommended to shareholders that they vote to approve the deal. But if other companies can gain enough support for another bid other than one management backs, they can force a shareholder vote to see whether shareholders approve that hostile deal, too.
2 of 23
3147
They're taking their bid directly to the shareholders, bypassing the corporate managers.
There are two separate entities, the shareholders and the board of directors. The board accepted Netflix’s offer because they were presented with the two offers and are required to act in the shareholders best interest. This deal still needs to be approved by the shareholders and Paramount is trying to get WB’s shareholders to vote against the Netflix deal so they can accept their offer. The deal won’t be done for probably 12-24 months as it goes through regulatory review. WB can drop out of the deal during this time for a fee. Answer from Dstein99 on reddit.com
Videos
17:43
Paramount Launches Hostile Takeover Bid to Buy Warner Bros - YouTube
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How could a Paramount-Warner Bros deal shape the US media landscape?
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How Paramount Skydance's hostile bid for Warner Bros. Discovery ...
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Paramount Makes Hostile Bid for Warner Bros. at $30 a Share - YouTube
06:36
Paramount Skydance launches hostile bid for WBD after Netflix wins ...
Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros.
Proposed acquisition of Warner Bros. - Wikipedia
7 hours ago - In response, Paramount Skydance questioned whether WBD was truly serving its shareholders' best interests. Netflix emerged victorious in the bidding war and announced its deal with WBD to acquire its streaming and studios division (which includes assets like Warner Bros., HBO, HBO Max, DC Studios, DC Entertainment, and the company's media library) for 27.75 per share in a joint cash-stock offer valuing the division at $72 billion in equity value and $82.7 billion in enterprise value.
PR Newswire
prnewswire.com › news-releases › paramount-launches-all-cash-tender-offer-to-acquire-warner-bros-discovery-for-30-per-share-302635412.html
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE
1 week ago - 8, 2025 /PRNewswire/ -- Paramount, ... the outstanding shares of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") for $30.00 per share in cash....
Paramount
paramount.com › press › paramount-launches-all-cash-tender-offer-to-acquire-warner-bros-discovery-for-30-per-share
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE | Paramount
(the "Tender Offer") to purchase for cash all of the outstanding Series A common stock of WBD or any discussions between Paramount and WBD with respect to a possible transaction (including, without limitation, by means of the Tender Offer, the "Potential Transaction"), including the possibility that the Tender Offer will not be successful, that the parties will not agree to pursue a business combination transaction or that the terms of any such transaction will be materially different from those described herein, the conditions to the completion of the Potential Transaction or the previously announced transaction between Warner Bros.
BBC
bbc.com › news › articles › cm21z4zgkx7o
Netflix and Paramount battle for Warner Bros. Who is likely to win?
1 week ago - Netflix is offering to pay $23.25 per share, and give existing Warner Bros investors a stake in the new company - a mix of cash and equity it says is worth about $27.75 per share. Paramount, by contrast, says it wants control of the entire company, including the firm's traditional pay-TV networks, which are seen as a declining business.
Paramount
ir.paramount.com › news-releases › news-release-details › paramount-launches-all-cash-tender-offer-acquire-warner-bros
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE | Paramount
Offer provides superior value, and a more certain and quicker path to completion to WBD shareholders Equity to be backstopped by Ellison Family and RedBird Capital in addition to debt fully committed by Bank of America , Citi and Apollo Obligation to take offer directly to WBD shareholders over
BBC
bbc.com › news › articles › c8dyy47qy82o
Hollywood panics as Paramount-Netflix battle for Warner Bros
4 days ago - Meanwhile, Paramount Skydance's $108bn(£81bn) hostile takeover bid for Warner Bros includes backing from Saudi Arabia, Abu Dhabi, Qatar and a fund started by Jared Kushner, US President Donald Trump's son-in-law.
BBC
bbc.com › news › articles › cz687wv9vqxo
Warner Bros favours Netflix offer over $108bn Paramount bid
4 hours ago - In a reflection of where power now lies in the entertainment industry, the Warner Bros board says the offer from streaming giant Netflix is well financed and offers better long term value to shareholders.
Hollywood Reporter
hollywoodreporter.com › tv › tv-news › stephen-colbert-paramount-warner-bros-bid-1236448146
Stephen Colbert Rips Paramount Bid for Warner Bros.
1 week ago - ‘Late Show’ host Stephen Colbert wonders why his show was canceled for cost reasons if Paramount has $108 billion to buy Warner Bros. Discovery.
The Independent
the-independent.com › us › us money
Warner Bros likely to back Netflix and reject $108.4 billion Paramount bid | The Independent
1 day ago - Earlier this month, Netflix had ... Bros' non-cable assets. Paramount CEO David Ellison then went directly to Warner Bros' shareholders with a $30-a-share, all-cash bid for the whole company....
NYTimes
nytimes.com › 2025 › 12 › 12 › business › paramount-warner-bros-netflix-deal.html
Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced. - The New York Times
5 days ago - Warner Bros. Discovery said last week it would sell much of its business to Netflix for $83 billion, deeming its bid superior to Paramount’s offer to acquire the entire company. In making that assessment, the Warner Bros.
CBC News
cbc.ca › news › entertainment › paramount-skydance-warner-bros-bid-netflix-9.7006820
Paramount Skydance makes $108B US hostile bid for Warner Bros. Discovery after Netflix move | CBC
1 week ago - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion US for Warner Bros. Discovery, throwing a wrench into a proposed $72-billion US equity deal with Netflix in a last-ditch effort to create a media powerhouse that would ...
ABC News
abcnews.go.com › Business › hostile-takeover-paramounts-bid-acquire-warner-bros-discovery › story
What is a hostile takeover? What to know about Paramount's bid to acquire Warner Bros. Discovery - ABC News
5 days ago - Under the terms of the $108 billion Paramount bid, Warner Bros. Discovery shareholders would be offered $30 per share, which represents a 139% premium to the stock price as of Sept.
The Guardian
theguardian.com › business › 2025 › dec › 08 › paramount-skydance-warner-bros-discovery-explainer-hostile-bid
Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now? | Business | The Guardian
1 week ago - Warren, who came out against WBD’s merger with Netflix, argued on Monday that Trump’s regulatory agencies need to properly evaluate the Paramount deal if accepted, especially considering the foreign funding it includes, from the likes of Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. “The Department of Justice and the Committee on Foreign Investment in the United States must review any Warner Bros deal based on the law and facts, not who sucked up the most to Donald Trump,” said Warren.
Forbes
forbes.com › forbes homepage › business › media
Is Netflix Buying Warner Bros.? Where The Deal Stands After Paramount’s Hostile Bid
5 days ago - The main argument from Paramount Skydance, which pursued Warner Bros. vigorously before the Netflix deal, is that shareholders would be better off with its cash-only bid.
Reddit
reddit.com › r/gamingleaksandrumours › paramount confirms $108.4 billion counter-offer for warner bros. discovery
r/GamingLeaksAndRumours on Reddit: Paramount confirms $108.4 billion counter-offer for Warner Bros. Discovery
1 week ago -
Confirmed:
Paramount, a Skydance Corporation (“Paramount”), has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery, Inc. (“WBD”) for $30.00 per share in cash. Paramount’s proposed transaction is for the entirety of WBD, including the Global Networks segment.
https://www.hollywoodreporter.com/business/business-news/paramount-launches-hostile-bid-for-warner-bros-1236444601/
https://www.strongerhollywood.com/
Previous Rumour:
https://www.reddit.com/r/GamingLeaksAndRumours/comments/1pfbzhb/paramount_considering_hostile_takeover_of_warner/
Investing.com
investing.com › news › stock-market-news › factboxhow-us-media-firms-stack-up-as-netflix-and-paramount-clash-for-warner-bros-4412513
Factbox-How US media firms stack up as Netflix and Paramount clash for Warner Bros By Reuters
8 hours ago - Earlier this month, the streaming pioneer agreed to buy Warner Bros Discovery’s iconic studio and streaming assets for $72 billion, a move that could reshape Hollywood by creating a vertically integrated media powerhouse.
The Independent
the-independent.com › news › business
Warner Bros Discovery urges shareholders to reject Paramount takeover bid | The Independent
7 hours ago - Paramount’s offer values Warner Bros at 108.4 billion dollars (£81.3 billion) including debts, trumping Netflix’s 27.75 dollars (£20.81) per share offer, which values Warner Bros at 72 billion dollars or 82.7 billion dollars (£62 billion) ...
Reddit
reddit.com › r/business › paramount says money is no object. warner bros. isn’t convinced.
r/business on Reddit: Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.
5 days ago - Warner Bros. Discovery to split into two public companies by next year ... Paramount Skydance reportedly preparing takeover bid for Warner Bros Discovery | Media conglomerate putting together majority cash offer for WBD backed by ultra-rich Ellison family, reports say